Stockholders' Equity

12 Months Ended

Dec. 31, 2021

Stockholders' Equity.

Stockholders' Equity

Note 17—Stockholders’ Equity

In August 2021, the Company’s board of directors approved an increase to the Company’s common stock repurchase program from $1 billion to $2 billion.

The following table summarizes the Company’s stock repurchase activity:

	Year ended December 31,						Cumulative
	2021		2020		2019		total (1)
	(in thousands)
Shares of common stock repurchased		15,368		8,890		51		25,074
Cost of shares of common stock repurchased	$	958,194	$	337,479	$	1,056	$	1,310,621

(1) Amounts represent the total shares of common stock repurchased under the stock repurchase program through December 31, 2021.

The shares of repurchased common stock were canceled upon settlement of the repurchase transactions and returned to the authorized but unissued common stock pool.